Banking, International Capital Flows and Growth in Europe
Financial Markets, Savings and Monetary Integration in a World with Uncertain Convergence
Paul J.J. Welfens and Holger C. Wolf While the economies of Asia and, more recently, South as well as North America have enjoyed sustained high growth, the growth performance of western Europe and in particular continental Europe has been rather modest. Coupled with sizable improvements in labor productivity and - at best - steady capital productivity, growth proved insufficient to sustain employment levels, much less to replicate the US job creation success. Relative inflation performance has been much better: in the run-up to European Monetary Union inflation rates have dramatically converged towards the lower end of the distribution while…
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Produktdetails
Weitere Autoren: Wolf, Holger C. (Hrsg.)
- ISBN: 978-3-642-59030-6
- EAN: 9783642590306
- Produktnummer: 37161782
- Verlag: Springer Berlin Heidelberg
- Sprache: Englisch
- Erscheinungsjahr: 2012
- Seitenangabe: 458 S.
- Plattform: PDF
- Auflage: 1997
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